How big is the thermostatic faucet market today, and what are its future growth expectations?
The thermostatic faucet market size has grown rapidly in recent years. It will grow from $11.08 billion in 2024 to $12.24 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to rise in demand for energy-efficient home appliances, rise in the number of green building projects, rise in concerns over scalding accidents, growth in hospitality sector investments, and growth in the construction of luxury hotels.
The thermostatic faucet market size is expected to see rapid growth in the next few years. It will grow to $18.04 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to increasing urbanization, increasing construction activities, growing emphasis on hygiene and touchless solutions, rising disposable incomes, and increasing awareness regarding water conservation. Major trends in the forecast period include technological advancements, smart home technologies, touchless technology, water-saving technologies, and internet of things (IoT) technology.
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What have been the primary factors driving the thermostatic faucet market’s growth?
The rising number of residential houses is expected to propel the growth of the thermostatic faucet market going forward. Residential houses are structures intended for living, such as single-family homes, apartments, and condos. The rising number of residential houses is driven by population growth, urbanization, and government policies. Thermostatic faucets are used in residential buildings to provide an added layer of convenience and safety by maintaining a consistent water temperature, which helps prevent sudden temperature fluctuations and reduces the risk of burns. This ensures a comfortable and reliable user experience, making thermostatic faucets a valuable addition to modern home plumbing systems where safety and efficiency are priorities. For instance, in March 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, there are 30,992 dwellings of private new houses, rising 3.7% from December and an increase of 14.6% since March 2023. Therefore, the rising number of residential houses is driving the growth of the thermostatic faucet market.
What are the key segments within the thermostatic faucet market?
The thermostatic faucetmarket covered in this report is segmented –
1) By Product: Single Lever, Two Handle, Other Products
2) By Distribution Channel: Online, Offline
3) By End User: Commercial, Residential
Subsegments:
1) By Single Lever: Pull-Down Single Lever Faucets, Pull-Out Single Lever Faucets, Standard Single Lever Faucets
2) By Two Handle: Widespread Two Handle Faucets, Centerset Two Handle Faucets, Wall-Mounted Two Handle Faucets
3) By Other Products: Touchless Faucets, Wall-Mounted Faucets, Pot Filler Faucets
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Which key players are shaping the thermostatic faucet market?
Major companies operating in the thermostatic faucet market are Ferguson PLC, LIXIL Corporation, Masco Corporation, Kohler Co. Inc., Rocca Sanitario, Sinosteel Corporation, Grohe AG, Moen Inc., Delta Faucet Company, Hindware Home Innovation Limited, Cera Sanitaryware Ltd., Rohl LLC, Speakman Company, Pfister, Paini Spa Rubinetterie, Jaguar Group, Alton Bath Decor Private Limited, Colston Bath, Sento, Neenan Company Showroom
How will emerging trends drive the thermostatic faucet market throughout the forecast period?
Major companies operating in the thermostatic faucet market are focused on developing advanced technologies, such as sustainable touchless faucets, to help reduce water waste. Sustainable touchless faucets enhance user convenience and hygiene, contributing to water conservation and energy efficiency and reflecting the industry’s commitment to innovative solutions and eco-friendly practices. For instance, in September 2024, Chicago Faucet, a US-based manufacturer of commercial plumbing faucets, launched EQ Arc, sustainable touchless faucets, a new addition to the EQ Series of hands-free faucets. It presents a sleek mini-arc spout design that merges reliable performance with contemporary aesthetics, making it ideal for commercial restroom environments. It provides versatile power options, including a self-sustaining water turbine and a long-lasting battery, while optimizing water conservation with a flow rate of 0.50 gpm. Additionally, the faucet features an optional integrated thermostatic mixing valve, enhancing temperature control and minimizing potential leak points.
How do regional factors impact the thermostatic faucet market, and which region is the largest contributor?
North America was the largest region in the thermostatic faucet market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thermostatic faucet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Thermostatic Faucet Market Report 2025 Offer?
The thermostatic faucet market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A thermostatic faucet is a type of faucet that automatically maintains a set water temperature by blending hot and cold water. It uses a thermostatic valve to regulate the water temperature, ensuring it stays consistent regardless of changes in water pressure or temperature from the supply. These faucets are commonly used in showers, baths, and sometimes sinks, providing comfort and safety.
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